A new report published by the Federation of American Scientists suggests that the U.S. has spent $250 million per day on defence for the past 16 years.
According to the newly published “Cost of War” report, U.S. taxpayers have shelled out $1.46 trillion for war since the 9/11 attacks and the subsequent War on Terror.
The report covers the period of 11 September 2001 to June 2017.
As the report notes, nearly $1.3 trillion was spent on the wars in Iraq and Afghanistan alone.
In addition to this, ongoing operations in Afghanistan and the U.S.-led air campaign in Iraq and Syria has totalled $120 billion.
A 2011 paper from Harvard Kennedy School Professor Linda Bilmes estimated the cost of veterans’ benefits as $600 billion to $1 trillion over the next 40 years.
That number was based on 482,364 veterans who were receiving compensation for disability connected to service as of February 2011.
According to the Congressional Research Service, the only war in U.S. history to cost more than the War on Terror is World War II, at more than $4.1 trillion in present dollars.
Direct war-related expenses from the Vietnam War cost $738 billion in today’s dollars.
The U.S. intelligence apparatus also operates under a $52.6 billion annual operating budget, which includes 16 agencies, with the Central Intelligence Agency (CIA) soaking up the lion’s share of $14.7 billion, according to leaks that were revealed by Edward Snowden.
The CIA spent $1 billion alone annually training and arming military opposition factions in Syria.